上证国际 | 美国政府“停摆”落幕 数据断档余波仍未平

Core Points - The U.S. government shutdown has ended after 43 days, marking the longest shutdown in U.S. history, following the signing of a temporary funding bill by President Trump [1][2] - The shutdown has left a significant impact on economic data releases, creating uncertainty for the Federal Reserve's upcoming policy decisions [2][3] Economic Data Impact - During the shutdown, the Labor Statistics Bureau's data collection was affected, leading to delays in the release of key economic reports, including the October CPI data [2][3] - The market is currently experiencing a "data blackout" period, which may hinder the Federal Reserve's ability to make informed decisions at its December meeting [2][3] Federal Reserve Policy Uncertainty - The Federal Reserve's decision-making process is complicated by the lack of complete data, increasing uncertainty regarding potential interest rate cuts [3][4] - Market expectations for a 25 basis point rate cut in December have decreased from 70% to approximately 50% [4] Political Landscape and Future Risks - The temporary funding bill only extends government operations until January 30, suggesting a potential for another shutdown in the near future [5][6] - The ongoing political polarization in the U.S. may lead to repeated budgetary crises, impacting economic stability and investor confidence [5][6]